I'll admit I don't have a ton of time on the 346 family (OE or NE), but I do have a fair bit in on my 238se, which for all practical purposes is a 242. I spent three hours today (yeah, playing hookie from work!) clearing stands of buckthorn for some college student volunteers to drag out and pile up this coming weekend. The past two days of this were done with a 5100 Dolmar (3/8, 17"), and today's work was by far more pleasant with the little 238. I can flip this saw around in my hands for felling really small stems (2-6"), then breaking them down once they drop, faster and smoother than any saw I've ever run. 13" bar and Stihl RS chain, it is fast and productive in this role. I don't know how to really describe it, but you can cut horizontally and flip the saw back to vertical by loosening your grip on the front handlebar slightly and twisting the grip - the saw just flicks over 90*. It is magical, honestly.
It is truly a shame that nobody offers a saw that acts like this one, at least that I've run. There is something to its balance, especially with the super-short bar, that makes it incredibly useful for limbing and clearing out stands of thin stuff. If I can ever scare up some spare cash, I will definitely find (or build) me another.